I’ve been wrestling with a conundrum ..…
Mainstream media continues to tout the success of ObamaCare … always focusing on the number of previously uninsured folks who now have insurance.
Most recent CBO numbers say that about 19 million previously uninsureds now have insurance – mostly from Medicaid and subsidized ACA Exchange policies.
Now, about 80% of the non-elderly population is covered … but, about 36 million are still uninsured.
Said differently, over half of the previously uninsureds are still uninsured.
Huh?
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Let’s look at the cost …
ObamaCare added about $100 billion in annual government spending .
So, the cost per newly insured person is roughly $5,000 per newly insured person per year.
That sounds about right since an average individual health insurance policy is about $5,000 per year.
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OK, so what’s the rub?
Some simple arithmetic suggests that the aggregate monetary amount of insurance provided to the full population of non-elderly citizens has actually declined.
Here’s my logic …
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